Asia to Caribbean Trade Agreement (ACTA)
Rate Restoration (RR) Program
Member Lines of this Agreement agreed on a voluntary and non-binding basis to target the following rate restoration in the Caribbean trade from Japan:-
15th April, 2017 : USD.1050/20’ and USD.1500/40’
The RR is a working remark for Members who are free to deviate from the remark as per their own judgment.
ASIA-WEST COAST SOUTH AMERICA AGREEMENT
Voluntary 15th April, 2017 RR
Member Lines have made a thorough review on the current market and recognized that the present rates are unsustainable for them to maintain quality of services for customers. As such, they will have no alternative but to seek customers’ understanding on their rate restoration program applicable to the trades from Japan to West Coast South America (WCSA), Mexico and West Coast Central America (WCCA), as follows:-
15th April, 2017 RR : USD.750/TEU and USD.1,500/FEU
Member Lines will fully communicate with customers about their RR program mentioned above. However, the RR program is a voluntary and non-binding working remark for Members who are free to deviate from the remark by their own discretion.